HNA seeks capital injection for Shanghai biz jet subsidiary

Hainan Airlines is negotiating with the Shanghai municipal government to seek a capital injection for its Shanghai Deer Air subsidiary as it looks to expand its business jet fleet.

Shanghai Deer Air was launched at the end of 2009 in its namesake city with a registered capital of nearly CNY1 billion ($150 million). HNA’s subsidiaries HNA Tourism Company, Grand China Logistics and Yangtze River Express Airlines are all stakeholders.

Hainan Airlines is negotiating with the Shanghai municipal government to seek a capital injection for its Shanghai Deer Air subsidiary as it looks to expand its business jet fleet.
Shanghai Deer Air was launched at the end of 2009 in its namesake city with a registered capital of nearly CNY1 billion ($150 million). HNA’s subsidiaries HNA Tourism Company, Grand China Logistics and Yangtze River Express Airlines are all stakeholders.
Currently, Shanghai Deer Air operates two Hawker ...

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